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Sell in May and go away...
05-04-2010, 07:14 AM
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#1
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Sell in May and go away...
Im glad I sold yesterday 
It's good to see oil down, I hope it keeps going that way and BP can get the mess in the Gulf straightened out...
That said I gotta get my 500 HP Jet boat ready for summer 
Hopefully more can get off the government teat and get back to to working for the man 
__________________
FIRED at 39 in 2008...
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05-04-2010, 08:42 AM
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#2
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gone traveling
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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Can you spell "M-a-r-k-e-t T-i-m-e-r ?
Yes, older than dirt, "richer than most" (hey, if you've got it - flaunt it)....
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05-04-2010, 08:52 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
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Steve trades so often that I don't think anyone can figure out what he is doing - maybe not even he himself!
Audrey
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Retired since summer 1999.
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05-04-2010, 08:56 AM
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#4
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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 Quote:
Originally Posted by Steve O
Im glad I sold yesterday
It's good to see oil down, I hope it keeps going that way and BP can get the mess in the Gulf straightened out...
That said I gotta get my 500 HP Jet boat ready for summer
Hopefully more can get off the government teat and get back to to working for the man |
Hmm, are you saying you sold in May so there should be more jobs now? Shoulda sold earlier, then.
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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05-04-2010, 09:00 AM
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#5
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Yea Im sick of trading and worrying about this mess so Im taking all my marbles and going home 
No unfortunately I don't see any GOOD jobs coming back anytime soon...
__________________
FIRED at 39 in 2008...
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05-04-2010, 09:09 AM
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#6
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Aww heck Vanguard Brokerage just sent me an E mail...
Unlimited free trades
__________________
FIRED at 39 in 2008...
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05-04-2010, 09:21 AM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Yeah, "sell in May" was great advice in 2009... 
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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05-04-2010, 09:22 AM
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#8
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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This is 2010 
__________________
FIRED at 39 in 2008...
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05-04-2010, 09:32 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,143
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Quote:
Originally Posted by rescueme
Can you spell "M-a-r-k-e-t T-i-m-e-r ?
Yes, older than dirt, "richer than most" (hey, if you've got it - flaunt it).... |
In otherwords, " Mayday, Maday"
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05-04-2010, 12:22 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Hey, I have a pretty successful career of suckling off the teat of big gov't!
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05-04-2010, 05:16 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2003
Posts: 5,105
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__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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05-04-2010, 08:55 PM
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#12
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 291
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Well ya see Im kind of a novice at this whole investor-trader thing...
Im just a high school drop out that made my $$$ with my hands, and my brains
I have a core position at 20% stocks right now that would still be ahead at DOW 8150...
Yes I've done a lot of trading lately 
I would have made some serious $$$ if Id just left it all alone in December and let it ride until now...
That 20% was 58% in December...
Im at 25% right now getting a serious haircut on that 5%
I did make some $$$ trading but, This is still gonna hurt...
Last year was too good to be true 
So far my market timing lesson has been have a little more patience and don't be so quick to sell. Also don't let politics influence anything...
That said Im hoping BHO gives me another buy signal when this bloodbath is over like he did at 666 S$P...
The market timer In me says sell some of my 54% bond stake while the getting's good
__________________
FIRED at 39 in 2008...
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05-04-2010, 10:00 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
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The market timer In me says sell some of my 54% bond stake while the getting's good
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Follow your intuition and liquidate your bond portfolio as well.
__________________
May we live in peace and harmony and be free from all human sufferings.
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05-05-2010, 06:18 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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What is the 2nd verse?
After Halloween, buy all equities you can glean. ??
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05-05-2010, 06:36 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Posts: 2,603
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"Buy the Fall and have a ball"
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FIRE'd since 2005
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05-05-2010, 07:24 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by tryan
"Buy the Fall and have a ball"
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Cute!
__________________
May we live in peace and harmony and be free from all human sufferings.
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05-05-2010, 07:24 AM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by Bimmerbill
Hey, I have a pretty successful career of suckling off the teat of big gov't!
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Is it a good thing or a bad thing?
__________________
May we live in peace and harmony and be free from all human sufferings.
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05-05-2010, 09:00 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Good thing, just have to watch out for lip lock!
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05-05-2010, 01:11 PM
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#19
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 800
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Hate to say it, but I've seen a couple of reports urging selling before the July/August time frame. I've been selling, but I'm in the process of filling my bond ladder in anticipation of retirement in 4 years.
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05-05-2010, 10:13 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Posts: 2,395
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Somewhere, there is always somebody, advocating something...
__________________
-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
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